New Delhi [India], August 4 (ANI): Finance Minister Arun Jaitley on Friday unveiled a new Exchange Traded Fund (ETF), Bharat 22, consisting of 22 stocks of Central Public Sector Enterprises (CPSE), Public Sector Banks (PSB) and strategic holding of Specified Undertaking of Unit Trust of India (SUUTI). Compared to the energy-heavy CPSE ETF, Bharat 22 is a well diversified portfolio with six sectors, namely basic materials, energy, finance, FMCG, industrials and utilities. The Bharat 22 Index will be rebalanced annually, with ICICI Prudential AMC as the ETF Manager and Asia Index Private Limited as the Index Provider. Announcing the Union Budget 2017-18, Jaitley had ensured the use of ETF as a vehicle for disinvestment of shares. The target for CPSE's disinvestment in 2017-18 was set at Rs 72,500 crore. During the current financial year 2017-18, the government has realised around Rs. 9,300 crore through nine disinvestment transactions so far. Globally ETF Assets have grown significantly. There are four trillion dollars worth Assets Under Management (AUM). These are expected to touch USD 7 trillion by 2021. Large Investors prefer investing in ETFs due to the ETF being low cost and less risky, highly liquid assets, transparent investment and can be traded at Real Time Market Price ETF has been a preferred instrument for investment by PF's following flexibility given to them by the government for their investments. In the previous financial year, the government raised Rs.8500 crore by divesting through CPSE ETF. (ANI)

Manipal (Karnataka) [India], Dec 18, (BusinessWire India): India is growing and the platform for nation-building is a university, and, for the universities to move forward, the backbone is research, said Faizal E. Kottikollon, Founder and Chairman, KEF Holdings, UAE after inaugurating the MIT-KEF R

Chhattisgarh (India), Dec 18 (Newsvoir): Global CSR consulting firm Fiinovation, joined hands with Centre for Youth Development and Activities (CYDA), an NGO which closely works on improving Water, Sanitation and Hygiene (WaSH) and skill development among the marginalized section.

Coimbatore (Tamil Nadu) [India], Dec 18 (Newsvoir): Sowparnika Projects & Infrastructure Pvt. Ltd. introduced 'Positive Homes' a unique proposition designed and developed based on new age customers demand. Positive Homes comes with uncompromising features and fixtures and price that is unheard of, at

Mumbai (Maharashtra) [India], Dec 18 (Newsvoir): As the countdown to Christmas and New Year season has begun, iconic toy brand named LEGO® in association with Nexus Malls has announced the unveiling of India's grandest LEGO® Christmas Carnival at Seawoods Grand Central Mall, Navi Mumbai yesterday.

New Delhi [India], Dec 17 (ANI-BusinessWireIndia): India is in the midst of an epidemiological transition, whereby infectious, maternal, and nutritional diseases exist in conjunction with noncommunicable chronic illnesses. India ranks at 130 out of 183 countries in the United Nation's Human Developmen

New Delhi [India], Dec 17 (ANI-BusinessWireIndia): Dr. Cyrus Poonawalla, Founder of Serum Institute of India (SII) and Chairman of Poonawalla Group, has been given the first ever Vaccine Hero award by Gavi, the Vaccine Alliance.

New Delhi [India], Dec 17 (NewsVoir): While speaking at the AI & IoT India 2018 International Conference held in New Delhi recently, Mr. Ajay Prakash Sawhney, IAS, Secretary, Minstry of Electronics & IT said that India is expected to soon have data protection legislation and framework in place.

New Delhi [India], Dec 17 (NewsVoir): Globsyn Business School (GBS), one of the top B-Schools of Eastern India once again had a soaring placement season this year and has successfully placed 100 students of its AICTE approved and NBA accredited flagship Post Graduate Diploma in Management programme, f